[ad_1]
Franchise dealers will continue to see strong demand in the used car segment driven by a combination of consumer demand and a lack of supply of new vehicles.
That’s the view of Sue Robinson, CEO of the National Franchised Dealers Association (NFDA), commenting on the latest numbers of SMMT used cars.
“Looking ahead, used car values will remain strong while supply issues in new vehicles remain prevalent. We also expect our share of the BEV market to continue to grow rapidly as more models enter production.”
Ian Plummer, commercial director at Auto Trader said the market is showing promise for 2023 but raising concerns over used EVs.
“Prolonged supply issues are holding back used car sales against their stellar 2021 performance, but the market is having great momentum and last month we saw a record 80 million visits to our site – almost 10 million more than a year ago.
“The 2022 EV boom, however, is risky as our data shows demand for used electric vehicles has been dampened by high energy prices in recent months.
Lisa Watson, sales director at Close Brothers Motor Finance, said: comments: “The 0.8% increase in December gives us reason to be positive about the resilience of the market going into 2023.
“Now, supply chain constraints are easing and the gap between demand and supply in the new car market is closing. It should start finishing the market, with more affordable used cars available to drivers in the coming months.
[ad_2]
Source link
